Asahi Group Holdings, Ltd. (OTCMKTS:ASBRF – Get Free Report) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 2,423,782 shares, a growth of 217.7% from the April 30th total of 762,811 shares. Based on an average daily trading volume, of 12,232 shares, the short-interest ratio is currently 198.2 days.
Asahi Group Price Performance
OTCMKTS:ASBRF opened at $9.40 on Friday. The company has a 50 day moving average price of $9.78 and a 200-day moving average price of $10.54. Asahi Group has a 1-year low of $9.28 and a 1-year high of $14.59.
About Asahi Group
Asahi Group Holdings, Ltd. is a Japan-based beverage and food company best known for its brewing operations, including the flagship Asahi Super Dry beer. The company’s core activities span brewing, soft drinks, distilled spirits and food products. Through its primary operating subsidiaries—Asahi Breweries, Ltd., Asahi Soft Drinks Co, Ltd. and Asahi Food & Healthcare Co, Ltd.—Asahi Group offers a diverse portfolio that includes lagers, craft-style beers, carbonated beverages, juices, ready-to-drink teas and health-oriented food products.
The origins of Asahi Group date back to 1889 when Osaka Beer Co commenced operations in Osaka, Japan.
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